KuCoin Completes Strategic Investment in DREP Foundation
DREP Foundation receives an undisclosed amount of investment by KuCoin, a Hong Kong-based cryptocurrency exchange.
DREP Foundation is glad to announce today that we received an undisclosed amount of investment by KuCoin, a Hong Kong-based cryptocurrency exchange. The investment was made through a KuCoin affiliate company. DREP Foundation is developing a blockchain ecosystem that quantifies and monetizes online reputation value.
“Investment is always significant for founders. It not only reinforces belief in the capability of the team, it also represents a shared vision of the future. My team and I are humbled to have been considered for such an investment and are looking forward to collaborating with all our contributors to build our future,” said Xiaolong Xu, co-founder of DREP Foundation.
This investment follows a string of strategic partnership announcements over the last two months with the likes of multi-layered transaction blockchain Quarkchain, Indian enterprise-grade Big Data solution Zebi and, Vietnamese traveltech startup Triip.me, among others. The company earlier announced funding from Israeli venture capital company Yozma Group.
“Many people mistake securing funding as a job done. That is wrong. That is less than half the battle. Even after shipping the product, the work does not stop,” Xu added.
About DREP Foundation
DREP Foundation is committed to building a performance-oriented technology infrastructure, supporting high transaction capacity for an ecosystem generating valuable reputation data. Focusing on two industry pain points: lack of user adoption and low transaction throughput, DREP Foundation aims to provide a highly scalable blockchain architecture, DREP Chain, for deployment of a reputation protocol that anyone can use.
KuCoin is one of the major international multi-cryptocurrency exchanges. Its defining features are an exceptionally wide range of cryptocurrencies plus a rewarding user-loyalty scheme based on its own native KCS tokens. KuCoin aims to provide users digital asset transactions and exchange services which are very safe and convenient. It also provides users with a mobile app available for iOS and Android.
Wanting to know more about DREP? Interested to hear about our next DRApp? Join our community of more than 30,000 members, and we will surely look forward to answering your engaging questions. Let’s explore the possibilities of implementable Blockchain applications and march towards the future of decentralized reputation!